CnEVPost Newsletter: Shanghai auto show concludes; BYD posts over 400% Q1 profit growth
Shanghai auto show ends: Visitors nearly 1 million, NEVs overtake ICEs in new launches
For the first time, NEVs outnumbered traditional fuel vehicles in terms of new launches, organizers of the Shanghai auto show said.
NIO signs partnership deal with state conglomerate China Resources
NIO has opened 46 NIO Houses and NIO Spaces in commercial real estate projects managed by China Resources.
NIO Capital invests in Chinese SiC chip maker
Qingchun was founded in March 2021, and the core team members have been involved in SiC semiconductor technology for over 20 years, according to NIO Capital.
BYD posts over 400% year-on-year Q1 profit growth
BYD reported revenue of RMB 120.17 billion in the first quarter, up 79.83 percent year-on-year, although it was 23.15 percent lower than in the fourth quarter of last year.
BYD officially launches Seagull to expand its presence in China's EV market
BYD has officially launched the Seagull with a starting price of just RMB 73,800, after starting pre-sales of the Yangwang U8, which costs over RMB 1 million, last week.
Li Auto to report Q1 earnings on May 10
Li Auto delivered a record 52,584 vehicles in the first quarter, which is near the lower end of its guidance range of 52,000 to 55,000 vehicles.
Thanks for reading CnEVPost Newsletter! Subscribe for free to receive new posts and support my work.